What volume of sales in dollars is necessary to achieve, Accounting Basics

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What volume of sales in dollars is necessary to achieve

Corporation has determined the contribution margin ratio is 35% and the income tax rate is 40%.

Required:

A) Assume break-even volume in dollars is $1,500,000. What are total fixed costs?

B) Assume Corporation wants after-tax net income of $300,000. What volume of sales in dollars is necessary to achieve this net income?

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Accounting Basics: What volume of sales in dollars is necessary to achieve

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Request for Solution File

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Accounting Basics: What volume of sales in dollars is necessary to achieve

Reference No:- TGS0554875

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : The decision of a reasonable person

Q : The related cost drivers for indirect production costs

Q : Controlling audit risk at a low level

Q : Total earnings for each employee

Q : What volume of sales in dollars is necessary to achieve

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Q : Calculate teresas taxable portion of the pension

Q : What was the cost of raw materials put into production

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What volume of sales in dollars is necessary to achieve

Reference No:- TGS0554875

Recent Questions Asked Accounting Basics

Q : The decision of a reasonable person

Q : The related cost drivers for indirect production costs

Q : Controlling audit risk at a low level

Q : Total earnings for each employee

Q : What volume of sales in dollars is necessary to achieve

Q : Calculate the production cost per unit for each of landon

Q : Calculate teresas taxable portion of the pension

Q : What was the cost of raw materials put into production

Q : Prepare the journal entry for the issuance

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